FHTX vs TEM: Correlation
Measured on weekly returns over the past three years, Foghorn Therapeutics Inc. (FHTX) and Tempus AI, Inc. (TEM) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHTX and TEM?
Across a 3-year window, the weekly returns of FHTX and TEM correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 4298.3 %².
Few assets follow FHTX as closely as TEM, which ranks #3 of 12 tracked partners. The last year tells two different stories: FHTX led by 18.5 percentage points, +15.0% for FHTX against -3.5% for TEM.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FHTX vs TEM: side by side
| FHTX (Foghorn Therapeutics Inc.) | TEM (Tempus AI, Inc.) | |
|---|---|---|
| 1-year return | +15.0% | -3.5% |
| 5-year return | -49.1% | n/a |
| Volatility (ann.) | 103.7% | 104.7% |
| Beta vs S&P 500 | 2.17 | 3.25 |
| Max drawdown (3Y) | -68.5% | -59.8% |
| Market cap | $0.4B | $12.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHTX | TEM |
|---|---|---|
| 2022 | -72.1% | – |
| 2023 | +1.1% | – |
| 2024 | -26.8% | – |
| 2025 | +14.4% | +74.9% |
| 2026 | +15.2% | +19.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHTX and TEM good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FHTX and TEM?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is TEM a good diversifier for FHTX?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fhtx-vs-tem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fhtx-vs-tem/)
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Related comparisons
Hubs: FHTX correlations · TEM correlations
